Unigestion Holding SA Trims Stake in Electronic Arts Inc. (NASDAQ:EA)

Unigestion Holding SA lowered its holdings in Electronic Arts Inc. (NASDAQ:EA - Free Report) by 21.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 170,402 shares of the game software company's stock after selling 47,042 shares during the period. Electronic Arts makes up 1.4% of Unigestion Holding SA's investment portfolio, making the stock its 27th largest position. Unigestion Holding SA owned about 0.07% of Electronic Arts worth $24,930,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Public Sector Pension Investment Board increased its stake in Electronic Arts by 11.3% in the third quarter. Public Sector Pension Investment Board now owns 8,869 shares of the game software company's stock valued at $1,272,000 after acquiring an additional 900 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Electronic Arts by 6.8% during the 3rd quarter. Janus Henderson Group PLC now owns 34,734 shares of the game software company's stock valued at $4,982,000 after purchasing an additional 2,200 shares during the last quarter. Royal London Asset Management Ltd. raised its holdings in shares of Electronic Arts by 2.7% during the 3rd quarter. Royal London Asset Management Ltd. now owns 110,118 shares of the game software company's stock valued at $15,795,000 after buying an additional 2,878 shares in the last quarter. Quantinno Capital Management LP lifted its position in Electronic Arts by 6.7% in the 3rd quarter. Quantinno Capital Management LP now owns 25,765 shares of the game software company's stock worth $3,696,000 after buying an additional 1,619 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in Electronic Arts in the third quarter worth approximately $791,000. Hedge funds and other institutional investors own 90.23% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

Several research firms have commented on EA. Wedbush reissued an "outperform" rating and set a $173.00 price target on shares of Electronic Arts in a research note on Thursday, January 23rd. BMO Capital Markets lowered their price target on shares of Electronic Arts from $145.00 to $142.00 and set a "market perform" rating for the company in a research note on Wednesday, February 5th. Robert W. Baird cut their price target on shares of Electronic Arts from $175.00 to $158.00 and set an "outperform" rating for the company in a research report on Thursday, January 23rd. Roth Mkm decreased their price objective on Electronic Arts from $158.00 to $134.00 and set a "neutral" rating on the stock in a report on Thursday, January 23rd. Finally, Benchmark increased their target price on Electronic Arts from $140.00 to $160.00 and gave the company a "buy" rating in a report on Monday, March 24th. Thirteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $155.30.

Electronic Arts Stock Up 2.1 %

Shares of NASDAQ EA traded up $2.89 during mid-day trading on Friday, hitting $142.28. 998,650 shares of the stock traded hands, compared to its average volume of 2,604,779. The company has a market cap of $37.08 billion, a price-to-earnings ratio of 36.17, a PEG ratio of 3.58 and a beta of 0.79. The stock has a fifty day moving average price of $136.02 and a 200-day moving average price of $144.32. Electronic Arts Inc. has a 52 week low of $115.21 and a 52 week high of $168.50. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.38 and a current ratio of 1.38.

Electronic Arts (NASDAQ:EA - Get Free Report) last announced its earnings results on Tuesday, February 4th. The game software company reported $2.34 EPS for the quarter, missing analysts' consensus estimates of $3.41 by ($1.07). Electronic Arts had a net margin of 14.28% and a return on equity of 17.80%. Research analysts anticipate that Electronic Arts Inc. will post 4.71 EPS for the current year.

Electronic Arts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Wednesday, February 26th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Wednesday, February 26th. Electronic Arts's dividend payout ratio is 19.34%.

Insider Transactions at Electronic Arts

In other news, CEO Andrew Wilson sold 5,000 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $142.68, for a total transaction of $713,400.00. Following the sale, the chief executive officer now owns 42,615 shares in the company, valued at $6,080,308.20. This represents a 10.50 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Vijayanthimala Singh sold 1,000 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $145.00, for a total value of $145,000.00. Following the completion of the transaction, the insider now owns 26,216 shares of the company's stock, valued at $3,801,320. This represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,000 shares of company stock valued at $3,015,990 in the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

Electronic Arts Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.